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Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House

A pedestrian wearing a protective mask walks past a Ruth’s Chris restaurant in Washington, D.C., on Monday, April 20, 2020. Andrew Harrer | Bloomberg via Getty Images Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. The deal …

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What it means for upcoming shows, films

Pictured: (l-r) Bowen Yang as ‘The Iceberg That Sank The Titanic’ and anchor Colin Jost during Weekend Update on Saturday, April 10, 2021. NBC | NBCUniversal | Getty Images Hollywood writers are officially headed to the picket line, halting production on a slate of film and television projects in the …

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Shein targeted by lawmakers over alleged forced labor

Two people hold two Shein bags after entering SHEIN’s first physical store in Madrid, Spain, June 2, 2022. Cezaro De Luca | Europa Press | Getty Images WASHINGTON — Bipartisan lawmakers are urging the nation’s top markets regulator to require Chinese fast-fashion giant Shein to disclose potential forced labor practices …

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United Airlines’ revamped cabins faces supply chain delays

United Airlines Seatbacks Courtesy: United Airlines United Airlines‘ plan to revamp the cabins on its older narrow-body planes is running behind schedule because of supply chain strains, the carrier told CNBC this week. The upgrades include bigger premium cabins, seat-back entertainment screens throughout the planes, Bluetooth capabilities and other amenities. …

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Bed Bath & Beyond store closures kick off land grab

A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023.  David Paul Morris | Bloomberg | Getty Images In strip malls across the country, Bed Bath & Beyond stores have “Closing Soon” signs. For other retailers, those may as well be “For Rent” …

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Studio hopes to draw back moviegoers

Tom Cruise in “Top Gun: Maverick” Source: Paramount Paramount Pictures is upping the theatrics. Chris Aronson, president of domestic distribution for the studio, demonstrated as much Thursday, kicking off Paramount’s studio presentation at CinemaCon by rising through the stage with a sewer grate in hand. related investing news Aronson, donning …

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Hasbro, Mattel shares rise after earnings

Game maker Hasbro Justin Sullivan | Getty Images Toymaker stocks rallied Thursday after rivals Hasbro and Mattel posted quarterly results and offered optimistic comments about how their intellectual property will boost their businesses. Hasbro shares spiked more than 13% Thursday after the toymaker reported first-quarter revenue that topped Wall Street’s …

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SAFE Banking Act reintroduced; cannabis industry hails bill

Aaron Smith, chief executive officer of the National Cannabis Industry Association, speaks during a news conference on the Safe Banking Act outside the US Capitol in Washington, D.C., US, on Wednesday, Sept. 14, 2022. Ting Shen | Bloomberg | Getty Images A group of bipartisan lawmakers reintroduced the Secure and …

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Mobileye cuts guidance amid Tesla’s EV price war

Mobileye signage during the company’s IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million. …

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Why Wall Street isn’t buying into GM’s guidance raise

Mary Barra, chief executive officer of General Motors Co., during the South by Southwest (SXSW) festival in Austin, Texas, US, on Tuesday, March 14, 2023.   Jordan Vonderhaar | Bloomberg | Getty Images DETROIT – When a company beats Wall Street’s earnings expectations and raises guidance amid recessionary fears and other …

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